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Founder of the major altcoin Cardano (ADA), Charles Hoskinson, warned the crypto industry as the final three-month period for the 2024 US Presidential election approaches. Hoskinson indicated on social media platform X that President Joe Biden and Vice President Kamala Harris’s administration is waging a war against the crypto industry.
“Every Vote for Harris is a Vote Against the American Crypto Industry”
Cardano founder Hoskinson stated that contrary to reports that the Biden-Harris administration is reconsidering its relationship with the crypto industry, the current situation has worsened. Hoskinson said, “Every vote for Harris is a vote against the American crypto industry.”
Hoskinson’s warning came a few days after reports emerged that Harris’s advisors had contacted leading US crypto companies (such as stablecoin issuer Circle, crypto exchange Coinbase, and payment company Ripple). According to the reports, Harris’s campaign team wanted to convey to the crypto industry that Democrats are “pro-business.”
These contacts followed Republican presidential candidate Donald Trump’s expression of support for the crypto industry. Last month, Trump attended the Bitcoin 2024 Conference in Nashville, Tennessee, and declared his support for the crypto industry.
Strategic Zoom Meeting by Harris’s Team
Last week, in a Zoom meeting organized by Congressman Ro Khanna, Harris sought reconciliation with crypto industry executives to increase her chances of winning the election. However, this meeting exposed the deep rifts between the crypto world and the Biden administration. Executives attending the meeting clearly expressed how the administration’s actions against cryptocurrencies have harmed the crypto industry and the Democratic Party.
High-level officials such as Deputy Treasury Secretary Wally Adeyemo, Deputy Director of the National Economic Council Lael Brainard, and Deputy Chief of Staff Bruce Reed attended the Zoom meeting. Representatives of the crypto industry included executives from companies like Coinbase, Kraken, and Ripple, crypto-friendly billionaire Mark Cuban, and hedge fund manager Anthony Scaramucci.
